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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: RavBruce who wrote (1789)	3/27/1998 12:24:00 AM
From: Fli-by	Respond to of 21876

Bruce, there is so much happening with this Co. now that people don't know what to make of it. It's like a wonder drug. The management of LU is cream of the crop and they have a great game plan. What happens when they sneak in a few huge deals that were not accounted for and the stock is sitting @100 next year at this time. I don't think anyone on this thread will be crying over it. Fli-by

To: RavBruce who wrote (1789)	3/27/1998 1:20:00 AM
From: Thomas Klein	Read Replies (1) \| Respond to of 21876

Bruce: I stated that the estimated earnings growth rate (expected by the 29 analysts following the stock) was 20% (actually 20.8%). I then stated that, IMHO, the growth rate was "as conservative as Rush Limbaugh", meaning that it is most likely too low and should be higher. For example, net income in fiscal 1996 was $224M compared to $541M in fiscal 1997. This is a growth rate of 142%. Of course this growth rate is unsustainable, but it really shows that 20% is unrealistic. In about two or three years Lucent will probably be doing $541M a quarter. The earnings estimates for fiscal 1998 have been revised from $2.84 up to $3.11. The growth rate for upward earnings revisions is 10%!. Not too shabby! Time will tell... I'm not going to miss out on this one. TK